As of Friday close, 22nd Century Group Inc.’s (NASDAQ:XXII) stock was up $0.12, moving up 6.03 percent to $2.11. The average number of shares traded per day over the past five days has been 806,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.6400 fall in that time frame. In the last twenty days, the average volume was 1,353,995, while in the previous 50 days, it was 1,661,482.
Since last month, XXII stock retreated -42.97%. Shares of the company fell to $1.8800 on 08/17/23, the lowest level in the past month. A 52-week high of $24.75 was reached on 01/18/23 after having rallying from a 52-week low of $1.88. Since the beginning of this year, XXII’s stock price has dropped by -84.72% or -$11.7000, and marked a new high 4 times. However, the stock has declined by -91.47% since its 52-week high.
XXII stock investors should be aware that 22nd Century Group Inc. (XXII) stock had its last reported insider trading activity 353 days ago on Aug 31. ZERCHER MICHAEL, the President and COO of the company, disposed of 370,789 shares for $1.35 on Aug 31. It resulted in a $500,565 divestment by the insider.
Valuation Metrics
The stock’s beta is 1.70. Besides these, the trailing price-to-sales (P/S) ratio of 0.58, the price-to-book (PB) ratio of 0.37.
Financial Health
In the recent quarter, 22nd Century Group Inc.’s quick ratio stood at 1.80, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.20, and the total debt-to-equity ratio was 0.21. On the profitability front, the trailing twelve-month gross margin is -0.40% percent. In the recent year, EBITDA margin amounted to -74.95%, whereas operating margins totaled -88.90%. Based on annual data, XXII earned $1.17 million in gross profit and brought in $62.11 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -56.70%. Return on equity (ROE) for the past 12 months was -69.40%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. XXII’s revenue rose 61.37% to $21.96 million during the quarter, while net income inched up to $23.43 million. During the quarter, the company generated -$17.91 million in EBITDA. The liabilities of 22nd Century Group Inc. were 52.39 million at the end of its most recent quarter. The value of shareholders’ equity is $21.08 million.
Technical Picture
This quick technical analysis looks at 22nd Century Group Inc.’s (XXII) price momentum. With a historical volatility rate of 90.36%, the RSI 9-day stood at 31.75% on 18 August.
With respect to its five-day moving average, the current 22nd Century Group Inc. price is down by -23.27% percent or -$0.6400. At present, XXII shares trade -56.49% below its 20-day simple moving average and -81.53% percent below its 100-day simple moving average. However, the stock is currently trading approximately -77.96% below its SMA50 and -89.26% below its SMA200.
Stochastic coefficient K was 7.79% and Stochastic coefficient D was 5.69%, while ATR was 0.3600. Given the Stochastic reading of 13.45% for the 14-day period, the RSI (14) reading has been calculated as 33.80%. As of today, the MACD Oscillator reading stands at -0.3500, while the 14-day reading stands at -0.6300.
Analyst Ratings
Alliance Global Partners launched its rating on 22nd Century Group Inc. (NASDAQ: XXII) to a Buy in a note to investors on July 21, 2022. 22nd Century Group Inc. (XXII) has been rated Overweight by analysts. According to 0 brokerage firms, XXII is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate 22nd Century Group Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $2.50, the current consensus forecast for the stock is $2.25 – $7.50. Based on these forecasts, analysts predict 22nd Century Group Inc. (XXII) will achieve an average price target of $4.08.
